Rolls Royce In PR Nightmare

Daily Twitter round-up by peter_IFAMAG

Rolls Royce is to lay off 9000 employees, totalling a fifth of their work force. Also in trouble are Marks and Spencers as they reveal huge losses. The impact of Coronavirus is having an impact on European inflation rates, today the ONS announced UK inflation slumps to just 0.3%.

With a deluge of business news today check out something different – this is a visualisation of the top performing investment funds of the past 25 years.

#IW25: A lot has happened in the 25 years that IW has been in existence. How have the UK's top performing #investmenttrusts fared during that time?

Marks and Spencers announced a giant hit to business this year, check this thread out for the full picture.

Some snippets from @marksandspencer results. Like everyone else, can’t forecast year ahead. Base case scenario is a £2.1bn hit to sales over the year. Already able to mitigate that by £1bn through cost savings, no dividend pay out and biz rates holiday.